![]() ![]() When the British government suspended the distribution of paper money in the 1750’s, use of checks became necessary and commonplace.Ĭhecks came to the United States from England but some changes had to be made when the country became independent. It was only around the 1650’s that checks started to make an appearance on the scene. England was relatively late in adopting this system. ![]() The use of checks was also prohibited for a certain period of time in the late 1520’s too. The new system had loopholes and many frauds took place. This system was derived from the ‘Bill of Exchange’ and allowed non-resident citizens to make payments without having to be present physically. From here, this practice spread to the rest of Europe. Europeans made use of something similar to traveler’s checks when they went on a trip to the Holy Land when they deposited money with The Knights Templar.Ĭhecks in a form similar to what we see today, appeared in Holland. Muslins have been known to use it in the 9 th century A.D. Persians also used instruments that resembled the modern day checks. While exact dates are not known, it is estimated that this tool may have been devised by the Romans in 352 B.C. The use of checks as a means of payment has been in use for more time than you can imagine. The manner in which the use of checks developed across various parts of the world is different. The journey of checks from the promissory notes that they were centuries ago to what we know them as is extremely interesting. These checks can be fed into the printer to print the names of the payee, the amount and the electronic signature from the QuickBook, Quicken or an accounting software database.įrom Credit Notes and Manual Checks to Computer Checks Once the details of the company, the address, bank details routing information, account number are fed in, multiple copies can be printed immediately. The actual check can be printed on the top part, the middle part or the lower part too. Typically computer checks come in the form of a sheet of paper that can be folded into three parts. The format of the computer check can also be chosen by the business based on the specific requirement. In fact there are many printing companies that specialize in creating customized checks on computers with logos, tag lines and watermarks too. Any check that you may receive as part of a contest win, salary, dividends paid from stocks or any such volume handling is likely to be a computer check. These checks could also be customized to suit the business requirements.Ĭhecks that are printed on computer do not require any introduction today. Senior authorized people suddenly found that they did not have to sign dozens of checks on end since computerized signatures could be used. ![]() The computer checks came with a convenience that everyone wanted. Businesses saw a large number of advantages of the computer check in comparison to the printed business check. As software options such as QuickBooks, Quicken and Microsoft Money became popular, computer checks became more sought after. The emergence of the computer check cam about with the advent of various accounting software options. ![]()
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